Yospace Enterprises Limited, a Staines, UK-based developer of a platform that enables digital publishers, applications developers and operators to deliver video to mobile devices, has closed a £600,000 funding with Catapult Venture Managers.
The capital infusion will allow the company to accelerate the growth of its proprietary technology yospaceCDS, which is used by a growing number of blue chip customers.
Commenting on the funding, Tim Sewell, CEO, said: “The market opportunity is, however, extremely broad; from global publishers to niche application developers – anyone who wants to promote their video content to a mobile audience.
“Yospace is ideally positioned to exploit growth opportunities in mobile video and establish itself as a genuine market leader in this exciting, developing sector.
“The investment from Catapult will help us achieve this potential, and we’re delighted to have secured a partnership with such a committed and supportive investor”, he added.